Mumbai: ED attaches Rs 120-crore assets of NCP MLA Ramesh Kadam

After veteran NCP leader Chhagan Bhujbal and his family, another party leader came under the scanner of ED which yesterday attached assets worth Rs 120 crore of sitting MLA Ramesh Kadam in a case of alleged embezzlement of over Rs 300 crore in a state-run corporation

After veteran NCP leader Chhagan Bhujbal and his family, another party leader came under the scanner of ED which yesterday attached assets worth Rs 120 crore of sitting MLA Ramesh Kadam in a case of alleged embezzlement of over Rs 300 crore in a state-run corporation.

Also read: ED files chargesheet in Maharashtra sadan case; names Chhagan Bhujbal, family

Chhagan Bhujbal

The ED alleged that Kadam, an MLA from Mohol in Solapur, along with other officials of the corporation allegedly misappropriated large amounts. "Kadam in collusion with the officials of the corporation and other accused persons hatched a conspiracy and misappropriated funds of the corporation which were given to various institutions for their own benefit and thus embezzled an amount to the tune of over R300 crore," the agency said.

Also read: FIR against NCP MLA over alleged irregularities

The ED registered a criminal complaint against Kadam and others under the provisions of the Prevention of Money Laundering Act (PMLA) in September last year based on an earlier FIR of the state CID in the said case.

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